Spectroscopy equipment and supplies are laboratory devices that are used for analysis by using the interaction of light to analyse and detect the components of a sample. Spectroscopy equipment and supplies come in various forms, which increases the scope of their usage by a wide range of research professionals working within diverse budgets. The basic spectroscopy setup includes a cuvette, flow cell or dipping probe to hold the sample, a light source and a detection system.

In this report, FMI has segmented the global spectroscopy equipment and supplies market on the basis of product type, end user and region. By product type, the spectroscopy equipment and supplies market is segmented into molecular spectroscopy equipment, atomic spectroscopy equipment, mass spectroscopy equipment, molecular spectroscopy supplies, atomic spectroscopy supplies and mass spectroscopy supplies. The mass spectroscopy equipment sub-segment is expected to grow at a relatively higher CAGR in the spectroscopy equipment and supplies market due to the increasing usage of mass spectroscopy techniques, especially in the pharmaceutical and agriculture & food industries. However, the molecular spectroscopy equipment sub-segment is expected to capture the largest market share of the global spectroscopy equipment and supplies market and is expected to create an incremental opportunity of US$ 3,999.4 Mn between 2018 and 2027.

The increasing spending of the governments of various countries in the pharmaceutical, food, agriculture and chemical industries is a major factor driving the spectroscopy equipment and supplies market. Moreover, the high spending on the research & development sector is creating potential growth opportunities for the spectroscopy equipment and supplies market. In addition, growing food quality concerns is also attracting end users towards the adoption of spectroscopy equipment and supplies, due to which the spectroscopy equipment and supplies market is expected to grow at a significant rate. Furthermore, technological advancements in spectroscopy equipment and supplies, such as improved resolution, increased speed and high accuracy, are fuelling the growth of the spectroscopy equipment and supplies market.

Apart from this, a significant increase in the demand for spectroscopic techniques and the installation of related equipment across the globe is also expected to boost the spectroscopy equipment and supplies market over the forecast period. However, the high cost of spectroscopy equipment and supplies, and the lack of skilled personnel are some of the major factors hampering the growth of the spectroscopy equipment and supplies market. Owing to these factors, the spectroscopy equipment and supplies market is projected to register single-digit growth during the forecast period.

Based on end user, the spectroscopy equipment and supplies market is sub-segmented into pharmaceuticals, agriculture & food, oil & gas, chemicals & polymer and others. The high spending on the research & development of pharmaceutical products and continuous innovations in the spectroscopy equipment market are some of the major factors promoting the growth of the pharmaceutical sub-segment. However, the oil & gas sub-segment is also expected grow at a relatively higher CAGR during the forecast period in the global spectroscopy equipment and supplies market. In terms of value, the oil & gas sub-segment is expected to create an incremental opportunity of US$ 2,093.4 Mn during the forecast period in the spectroscopy equipment and supplies market.

On the basis of geography, the spectroscopy equipment and supplies market is sub-segmented into North America, Latin America, Europe, Japan, APEJ (Asia Pacific Excluding Japan) and Middle East & Africa. The spectroscopy equipment and supplies market in North America is expected to dominate the global spectroscopy equipment and supplies market owing to the high spending on research & development by various countries in the region. Europe and APEJ are also expected to capture a substantial market share in the global spectroscopy equipment and supplies market owing to major technological advancements in the pharmaceutical industry and the presence of a large number of research laboratories in the region. Moreover, the spectroscopy equipment and supplies market in Latin America and Middle East & Africa is also expected to grow at a high CAGR owing to an increase in government spending as well as the number of research activities.

According to FMI analysis, Manufacturers are focusing on effective end to end solutions, advanced spectroscopy equipments with new tools to increase the speed of the experiment and analysis with precision during the experiments, this will ultimately enable the manufacturers of spectrosocopy equipment and supplies to achieve faster growth.

Future Market Insights (FMI) offers a 9-year forecast for the spectroscopy equipment and supplies market between 2018 and 2027. In terms of value, the market is expected to register a single-digit CAGR during the forecast period. The study demonstrates the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the spectroscopy equipment and supplies market over the forecast period.

Report Description

This research report provides a detailed analysis of the spectroscopy equipment & supplies market and offers insights on the various factors driving the popularity of spectroscopy equipment and supplies. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The spectroscopy equipment and supplies report segregates the market based on product type, end user and different regions globally.

The spectroscopy equipment and supplies market is expected to witness significant value and volume growth during the forecast period owing to increasing research & development spending by various countries around the world and the growing number of research laboratories.

The report starts with an overview of the spectroscopy equipment and supplies market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the spectroscopy equipment and supplies market.

A detailed analysis has been provided for every segment in terms of market size analysis for the spectroscopy equipment and supplies market across different regions. This section provides a detailed analysis covering the key trends.

The next section contains a detailed analysis of the spectroscopy equipment and supplies market across various countries in the region. It provides the outlook for the spectroscopy equipment and supplies market for 2018–2027, and sets the forecast within the context of the spectroscopy equipment and supplies market. This study discusses the key trends within countries contributing to growth of the spectroscopy equipment and supplies market, as well as analyses the degrees at which the drivers are influencing spectroscopy equipment and supplies market in each region. The key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the Rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the spectroscopy equipment and supplies market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the spectroscopy equipment and supplies market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global spectroscopy equipment and supplies market is split into a number of segments. All segments in terms of product type, end user and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to spectroscopy equipment and supplies market growth. This detailed information is important for the identification of various key trends in the global spectroscopy equipment and supplies market.

In addition, another key feature of this report is the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the spectroscopy equipment and supplies market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global spectroscopy equipment and supplies market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the spectroscopy equipment and supplies market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the spectroscopy equipment and supplies supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Some of the key competitors covered in the spectroscopy equipment and supplies market report are Agilent Technologies, Inc.; Bruker Corporation; Hitachi High-Technologies Corporation; JEOL Ltd.; Shimadzu Corporation; Waters Corporation; Thermo Fisher Scientific Inc.; PerkinElmer, Inc.; Rigaku Corporation; Danaher-Corp, Stellarnet, Inc., LECO Corporation, AMETEK, Inc., Sartorius AG and Yokogawa Electric Corporation.